Nvidia CEO Jensen Huang resigns amid scandals

Jensen Huang resigned as Nvidia CEO following revelations of personal relationships and suspected espionage. CFO Colette Kress was named interim CEO. Cloud providers are seeking alternative chip suppliers.

A commemorative plaque at the Denny's restaurant in San Jose, California, where Nvidia was founded, was removed on Thursday, the same day the company announced Jensen Huang's departure as CEO amid a betrayal scandal. The plaque, installed in 2023 to mark the meeting where the idea for the chip giant was born, was taken down from the wall. A New York Post reporter who visited the location on Friday found an empty wall with peeling paint marks. An employee at the restaurant said that "the bosses" ordered its removal initially. After the removal drew attention, Denny's chain announced that the plaque would be returned to its place, but did not explain why it was removed in the first place. Huang's personal scandal includes reports of an affair with Alice Huang, a Chinese businesswoman suspected of being a spy, and with Kimberly Powell, a company vice president.